Canada

'Failure resides in the design': Mount Polley Review Panel

Michael Allan McCrae | January 30, 2015
mount polley panel recommendations released imperial metals feat

"If the downstream slope had been flattened, failure would have been avoided. "

Report on Mount Polley tailing dams failure is being live steamed now

Michael Allan McCrae | January 30, 2015
B.C. breaking information act by not disclosing Mount Polley reports: lawyers

Report is releasd.

New Greek govt. ‘absolutely against’ Eldorado Gold mine, shares dive

Cecilia Jamasmie | January 30, 2015
New Greek govt. ‘absolutely against’ Eldorado Gold mine, shares dive

The company's Skouries project is one of the biggest foreign investments in Greece.

New Gold’s Rainy River project gets key environmental nod

Cecilia Jamasmie | January 30, 2015
New Gold’s Rainy River project gets final environmental nod

The Canadian Environmental Assessment Agency and the Ontario Ministry of Environment and Climate Change have separately okayed the project.

Potash Corp. profit jumps 77% on record sales

Cecilia Jamasmie | January 29, 2015
Potash Corp. profit jumps 77% on record sales

The Saskatoon-based miner also hiked its quarterly dividend 9% to 38 cents per share.

Report on what caused Mount Polley disaster expected this week

Cecilia Jamasmie | January 28, 2015
Report on what caused Mount Polley disaster expected this week

The highly anticipated independent expert panel report will determine the cause of the dam failure and is expected to lead to new safety standards for the entire Canadian mining industry.

War for talent in mining just heating up, says EY

EY | January 28, 2015
war-for-talent-in-mining-just-heating-up-says-ey

With a focus on productivity, companies must not neglect talent management

Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection

Cecilia Jamasmie | January 27, 2015
Cliffs restructures Bloom Lake iron ore mine, seeks creditor protection

Chief Executive Lourenco Goncalves said restructuring proceedings have begun in Montreal and sale options will be explored.

Yukon Zinc temporarily closing Wolverine Mine

Michael Allan McCrae | January 27, 2015
Mining in 2015: Zinc price with zing

Some crew will be assigned to care and maintenance.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

Cecilia Jamasmie | January 26, 2015
No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Fort McMurray mayor still optimistic, despite dropping oil prices

CTV.ca | January 26, 2015

Despite plunging oil prices, the mayor of Fort McMurray, Alta., is still optimistic about the future of the oil boomtown.

Zambia’s new leader to keep polemic mining tax

Cecilia Jamasmie | January 26, 2015
Zambia’s new leader to keep polemic mining tax

Newly elected President Edgar Lungu wants to keep mining royalties at 20%, as opposed to the 6% companies were paying a month ago.

Cliffs Natural removes quarterly dividend to repay debt

Cecilia Jamasmie | January 26, 2015
Cliffs Natural removes quarterly dividend to repay debt

It also said it has reduced its net debt balance by more than $400 million.

Percentage of mining workers under a salary freeze is double the Canadian average

Michael Allan McCrae | January 24, 2015
salary freeze mining

But only one percent of miners expect a wage freeze in 2015.

Centerra a step closer to moving gold project in Mongolia forward

Cecilia Jamasmie | January 23, 2015
Centerra a step closer to moving gold project in Mongolia forward

The country’s parliament has designated its Gatsuurt Project as strategically important, paving the way for Centerra's application for the necessary approvals.

Gabriel Resources says Romania holding gold project 'hostage'

Cecilia Jamasmie | January 21, 2015
Gabriel Resources says Romania holding gold project 'hostage'

The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

Mosaic setting bullish tone for potash in 2015

investorINTEL | January 20, 2015

Mosaic is expected to announce significantly higher profit for the fourth quarter than expected thanks to thriving sales of phosphate products.

Canpotex secures potash demand from China in deal with Sinofert

Cecilia Jamasmie | January 20, 2015
Canpotex secures potash demand from China in deal with Sinofert

Minimum of 1.9 million metric tons of red standard-grade potash over three years.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

Cecilia Jamasmie | January 20, 2015
Tahoe’s Escobal silver mine output at high end of 2014 expectations

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Rio Tinto’s diamond output down 14% in 2014

Cecilia Jamasmie | January 20, 2015
Rio Tinto’s diamond output down 14% in 2014

The company pointed to the transition of its Argyle mine from open pit to underground, as well as a shift toward processing lower-grade ore at Diavik as the main reasons for the drop.

Rio Tinto digging up more iron ore despite slumping prices

Cecilia Jamasmie | January 20, 2015
Rio Tinto digging up more iron ore despite slumping prices

The world’s second largest iron ore miner is targeting a 18% output increase this year, adding to a mounting global glut that has driven down the commodity price.

Taseko, Wilderness Committee square off in court

Business in Vancouver | January 20, 2015
Taseko Mines buying Curis Resources for Arizona copper project

Wilderness Committee is in court this week defending itself against a defamation suit over the New Prosperity Mine.

Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

Cecilia Jamasmie | January 19, 2015
Antofagasta buys Canada’s Duluth Metals, warns lower margins ahead as copper falls

With Duluht’s acquisition, Antofagasta takes control of the Twin Metals project, located in north-eastern Minnesota, which is set to become its first operation outside Chile.

Most copper producers in Zambia losing money — Chamber of Mines

Cecilia Jamasmie | January 19, 2015
Most copper producers in Zambia losing money — Chamber of Mines

The situation may soon change, as authorities have began talks with the country’s top miners, signalling the possibility of a compromise over the country’s new tax regime.

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